NYC MARKETS has been flagged by Commission de Surveillance du Secteur Financier for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
My card was charged twice by NYC MARKETS on the same day. I had to dispute it with my bank. NYC MARKETS then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Dividend tracking|Good analytical tools|Clean UI
Cons: None so far
I was about to invest with NYC MARKETS but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Commission de Surveillance du Secteur Financier has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
I invested $2,000 with NYC MARKETS after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Commission de Surveillance du Secteur Financier.
Pros: Professional looking website
Cons: Lost entire investment|Reported to authorities|Unresponsive
What really bothers me about NYC MARKETS is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after my brother mentioned them and I fell for the polished exterior. Never again.
Pros: Clear documentation|Risk management tools|Multi-device support
Cons: No dark mode on mobile